Sec. 7. (a) On application to a court with jurisdiction by a judgment creditor of a member, the court may charge the interest of the member in the limited liability company with the payment of the unsatisfied amount of the judgment with interest.
(b) To the extent the court charges under subsection (a), the judgment creditor has only the rights of an assignee of the member's interest in the limited liability company.
(c) This article does not deprive a member of the benefit of any exemption laws applicable to the member's interest in the limited liability company.
As added by P.L.8-1993, SEC.301.
Structure Indiana Code
Title 23. Business and Other Associations
Article 18. Limited Liability Companies
23-18-6-0.5. Minimum Membership
23-18-6-1. Acquisition of Membership
23-18-6-2. Interest of Member; Nature
23-18-6-2.5. Member Interest Designated as Transfer on Death Property or Held in Joint Tenancy
23-18-6-3. Assignment of Interest; Companies Existing on or Before June 30, 1999
23-18-6-3.1. Assignment of Interest; Companies Formed After June 30, 1999
23-18-6-4. Assignee Membership; Companies Existing on or Before June 30, 1999
23-18-6-4.1. Assignee Membership; Companies Formed After June 30, 1999
23-18-6-5. Cessation of Membership
23-18-6-6. Withdrawal of Member; Companies Existing on or Before June 30, 1999
23-18-6-6.1. Withdrawal of Member; Companies Formed After June 30, 1999